Kraken Releases Sixth Proof of Reserves Audit: ADA Added to Coverage

Crypto exchange Kraken has completed its sixth independent proof-of-reserves audit, providing further assurance to customers about the security and transparency of their assets. The recent audit includes Cardano (ADA), in addition to Bitcoin and Ethereum, with a reserve ratio of 114.9% for Bitcoin holdings, indicating robust asset backing. Kraken’s commitment to transparency follows several high-profile exchange failures in recent years. This initiative builds on Kraken’s long history of financial audits, offering users the ability to verify their balances using cryptographic methods. The audit covers spot holdings, margin positions, and staked assets to ensure comprehensive verification.